Skip to main content

About your Search

20121222
20121230
STATION
CNBC 2
LANGUAGE
Search Results 0 to 1 of about 2
CNBC
Dec 28, 2012 9:00am EST
't be surprising to see a skate-along through the session. you mentioned defense stocks. the sequester sectors have been doing quite well. financials, obviously. housing stocks on a tear this year. but take a look also at the defense index. the philadelphia defense index, we are very close to all-time highs on this defense index. there are a couple of names to watch within this index. general dynamics, which has had a nice run since about the mid-november time frame or so, announcing today that along with huntingtonengles, it has won a navy submarine contract. and those are secure even if the defense department undergoes sequestration. interesting deal being made there. >> taking a look at some of the biggest names that are among the biggest losers. traders have told us, if you're in the money on a lot of these names, why not take some money off gap for instance, masco. names like that are related to housing and retail. >> and speaking of retail, coors, third straight day of losses for shares of coors. a big winner so far this year. yesterday, citigroup had cautious comments from itses, saying in s
CNBC
Dec 26, 2012 9:00am EST
to kick in. that's the only way we'll cut defense spending in this country. what is happening with the sequester? where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense, half of that is discretionary. the kick the can mini deal solution that we're talking about would identify some subset of spending cuts that would be the lowest hanging fruit still available that might turn off the sequester, or they could just turn off the trigger all together. the sequester exists because of a law passed by congress, another law passed by congress could change it. >> good to see you, john. thanks for the update. >> mastercard spending pulse saying it's the lowest
Search Results 0 to 1 of about 2